Adrian, Missouri Property Taxes
The median property tax rate in Adrian, MO is 1.02%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Adrian at $84,500, the typical annual property tax bill reaches $872, which is below the national median of $2,690. Property taxes in Adrian are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Adrian's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Adrian or another part of Bates County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adrian, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Adrian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adrian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adrian to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Adrian, Missouri
Property taxes in Adrian, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adrian is 1.02%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Adrian set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adrian estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Adrian's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64720 zip code has the highest median property tax rate of 1.02%, while the 64720 zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Adrian provides valuable insights into the varying tax landscape across Bates County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adrian Tax Rate
1.02%
Average Bates County Tax Rate
1.06%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adrian, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64720 | 0.86% | 0.95% | 1.02% | 1.10% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Adrian, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Adrian, Missouri. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Bates County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Adrian, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Adrian helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $872 in the 64720 zip code, while the lowest is also $872 in the same zip code, indicating a consistent tax landscape.
Average Adrian Assessed Value
$84,500
Average Bates County Assessed Value
$68,300
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adrian, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64720 | $29,132 | $49,900 | $84,500 | $140,600 | $213,240 |
Source: Ownwell
Property Tax Bills Across Adrian, Missouri
In Adrian, located in Bates County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $84,500, the property tax bill can vary significantly. The 25th percentile tax bill is around $543, while the 75th percentile tax bill can reach up to $1,380. At the higher end, the 90th percentile tax bill is approximately $2,067. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Adrian's rates can be seen as relatively moderate or high, depending on the specific assessment and locality within Bates County. For homeowners, this means that their annual tax obligation can fluctuate based on property valuations and local government budget needs, impacting their overall housing costs and financial planning.
Average Adrian Tax Bill
$872
Average Bates County Tax Bill
$704
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Adrian, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64720 | $343 | $543 | $872 | $1,380 | $2,067 |
Source: Ownwell